Precious metals news

After some serious number crunching, to say that the gold price loves Fridays is an understatement. Here's why...

Harvey Organ says that gold withstood yet another attack by the bankers. Here's the details...

Peak gold is probably here and that, unlike oil, there isn't any new technology that makes finding it or extracting it any easier.

How and when de-dollarization will happen

George Milling-Stanley of State Street says in a run-up to a rate hike, investors tend to short gold, but any Fed hikes next year shouldn't derail prices.

It’s an essential metal for these 3 growth industries

Draghi knows that maintaining the so-called stimuli involves more risks than benefits, but also knows that eliminating them could make the eurozone deck of cards collapse.

There are two types of inflation in the world… the “inflation” that you and I experience in the form of a rising cost of living induced by Central Banks devaluing our currencies…

Although the Federal Reserve was created to provide the US with a flexible & stable monetary & financial system, it has not.

If history is a guide it is signaling a potential domestic economic slowdown.”

The U.S. dollar dipped against other major currencies Thursday, as investors focused on the newly-released Senate Republican tax plan.

Art lays out three primary risks

Jerome Powell will take the reins of the Federal Reserve next year. After all the speculation about big changes at the Fed with Trump in the White House, it appears the new boss is pretty much the same as the old boss.
So much for draining the swamp. Powell is a swamp creature. As Peter Schiff pointed out, "He has pretty much voted in lockstep with Janet Yellen the entire time she has chaired the Fed. The only real difference between the two is party affiliation. Powell is affiliated with the Republican Party, even though he was nominated to be on the Fed by Barack Obama. So, obviously not that strong a Republican if he was acceptable to Barack Obama.”
In an article published on the Mises Institute blog, Ryan McMaken expanded on this theme, echoing Hunter Lewis who said Powell is more like Chuck Schumer than Donald Trump.

If you've perused the mainstream headlines today, you've probably read that overall gold demand fell to an 8-year low last quarter. This was primarily due to a steep drop in inflows into gold ETFs compared to last year, and sagging jewelry demand in India after the implementation of a new tax scheme. But despite the gloomy-sounding headlines, investors are still buying physical gold.
Investment demand for physical gold grew in the third quarter by 17%, according to a report released by the World Gold Council.

From bailouts to bankruptcy, the financial sector's corporate conduct over the last 20 years has been wayward, to put it mildly.

Power generation plummeted from over 40% of capacity to 18% on Thursday, PREPA said.

Throughout this cycle, ​wage inflation has been the dog that failed to bark. The risk is that the market is hugely vulnerable if it hears a distant bark, let alone feels its bite.

brackets will be set at 7%, 12%, 22.5%, 25%, 32.5%, 35%, and 38.5% (lower than the current top tax rate of 39.6%)

Slowly increase the Fed Funds Rate? "Slow" however should more appropriately described as​ a "Glacial Pace"!

Here is a summary of the four market valuation indicators we update on a monthly basis.